Shopify Inc. and Infosys Limited: SG&A Spending Patterns Compared

SG&A Spending Patterns: Shopify vs. Infosys

In the dynamic world of technology and e-commerce, understanding spending patterns is crucial. From 2014 to 2023, Shopify Inc. and Infosys Limited have shown distinct trajectories in their Selling, General, and Administrative (SG&A) expenses. Shopify, a leader in e-commerce solutions, has seen its SG&A expenses skyrocket by over 2,800%, reflecting its aggressive growth strategy. In contrast, Infosys, a stalwart in IT services, has maintained a steady increase of around 51% in the same period, showcasing its stable expansion approach.

Key Insights

• 2014-2018: Shopify's SG&A expenses grew from a modest 5.7 million to 457 million, while Infosys increased from 1.08 billion to 1.22 billion.
• 2019-2023: Shopify's expenses peaked at 1.94 billion in 2022, surpassing Infosys for the first time, which reached 1.68 billion.

These trends highlight the contrasting strategies of a burgeoning e-commerce platform versus a mature IT service provider.